Research analysts at BMO Capital Markets lifted their price objective on shares of Concho Resources (NYSE:CXO) from $90.00 to $105.00 in a report released on Thursday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 7.31% from the company’s current price.
A number of other firms have also recently commented on CXO. Analysts at Societe Generale cut their price target on shares of Concho Resources from $114.00 to $110.00 in a research note to investors on Friday, June 14th. Analysts at SunTrust raised their price target on shares of Concho Resources from $80.00 to $92.00 in a research note to investors on Friday, May 24th. They now have a “neutral” rating on the stock.
Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $109.50.
Shares of Concho Resources (NYSE:CXO) traded up 0.41% during mid-day trading on Thursday, hitting $98.25. Concho Resources has a one year low of $76.81 and a one year high of $102.26. The stock’s 50-day moving average is currently $88.38. The company has a market cap of $10.189 billion and a P/E ratio of 23.65.
Concho Resources (NYSE:CXO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by $0.02. The company had revenue of $562.79 million for the quarter, compared to the consensus estimate of $559.40 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 39.6% on a year-over-year basis. Analysts expect that Concho Resources will post $3.87 EPS for the current fiscal year.
Concho Resources Inc(NYSE:CXO) is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties.
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